
India Index
June 13, 2025 at 12:22 PM
State Oil Majors to Order 10 Made-in-India Fuel Tankers Worth $600M
🚢 Tender Plan: IOCL, BPCL & HPCL to jointly issue tender for 10 domestically-built medium-range tankers.
🇮🇳 Make-in-India Push: Aligned with govt’s drive to boost local shipbuilding industry.
💰 Project Value: Estimated at $600 million, with deliveries starting by 2028.
🛠️ Positive for Shipbuilders
🟩 Positive Impact: Boosts domestic manufacturing, creates jobs, and enhances energy logistics independence